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Notably, Vicki Hollub, CEO of Occidental Petroleum, praised the Inflation Reduction Act in a 2024 earnings call for enabling the company to expand its operations, while ExxonMobil and Eneos have started reviving production in certain oil fields because of the Act. Critics note the IRS relies on self-reported data from companies, verified with ...
What is the Inflation Reduction Act? The IRA was passed by Congress in 2022, and aimed to reduce the country’s budget deficit while investing in domestic energy production and manufacturing ...
The Inflation Reduction Act (IRA) passed in 2022, which included allocating billions of dollars towards investments related to renewable energy sources. But the future of such policies remains ...
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development.
One way the administration did that was through the Inflation Reduction Act (IRA), which was signed into law in 2022. Key provisions of the bill are directly aimed at improving the lives of the ...
The signing Tuesday of the Inflation Reduction Act is set to kick off a parade of action from the Biden administration and other Democrats to sell the bill. ... 2024, 2025 game,” Marc Goldwein, ...
The Inflation Reduction Act — which still has plenty of hurdles to overcome before it becomes law — is a far ... It “would very slightly increase inflation until 2024 and decrease inflation ...
The Inflation Reduction Act will also impose a corporate minimum tax on corporations making $1 billion or more and increase the budget for the Internal Revenue Service (IRS) by $80 billion to ...